Colibri Announces Closing of First Tranche of Its Non-Brokered Private Placement and Sale of Its RC Drill Rig
Colibri Resource (TSXV: CBI) has closed the first tranche of its non-brokered private placement, raising $305,500. The offering consists of units priced at $0.05, each comprising one common share and one warrant exercisable at $0.075 for 24 months. Insiders participated, acquiring 550,000 units for $27,500. The company also sold its RC Drill Rig for USD $395,000 in cash and drill credits.
Proceeds will fund exploration at Colibri's Mexican precious metals projects, including the Pilar and EP gold projects. At the EP Gold Project's San Perfecto target, characterized by a 1,250m by 700m mineralized footprint, the company plans its first drilling program. Historical sampling has shown promising gold values, with 15% of samples returning over 1.00 g/t Au, up to 58.9 g/t Au in some areas.
Colibri Resource (TSXV: CBI) ha concluso la prima tranche del suo collocamento privato non intermediato, raccogliendo $305,500. L'offerta consiste in unità valutate $0.05, ciascuna composta da una azione ordinaria e un warrant esercitabile a $0.075 per 24 mesi. Gli insider hanno partecipato, acquisendo 550.000 unità per $27.500. L'azienda ha anche venduto il suo impianto di perforazione RC per USD $395,000 in contanti e crediti di perforazione.
Le entrate serviranno a finanziare l'esplorazione nei progetti di metalli preziosi messicani di Colibri, tra cui i progetti d'oro Pilar e EP. Nel target San Perfecto del progetto EP Gold, caratterizzato da un impronta mineralizzata di 1.250m per 700m, l'azienda prevede il suo primo programma di perforazione. I campionamenti storici hanno mostrato valori d'oro promettenti, con il 15% dei campioni che restituiscono oltre 1.00 g/t Au, fino a 58.9 g/t Au in alcune aree.
Colibri Resource (TSXV: CBI) ha cerrado la primera tranche de su colocación privada no intermediada, recaudando $305,500. La oferta consiste en unidades con un precio de $0.05, cada una compuesta por una acción ordinaria y una opción de compra ejercitable a $0.075 durante 24 meses. Los internos participaron, adquiriendo 550,000 unidades por $27,500. La compañía también vendió su equipo de perforación RC por USD $395,000 en efectivo y créditos de perforación.
Los ingresos financiarán la exploración de los proyectos de metales preciosos en México de Colibri, incluidos los proyectos de oro Pilar y EP. En el objetivo San Perfecto del Proyecto EP Gold, caracterizado por una huella mineralizada de 1,250m por 700m, la empresa planea su primer programa de perforación. Las muestreadas históricas han mostrado valores de oro prometedores, con el 15% de las muestras devolviendo más de 1.00 g/t Au, hasta 58.9 g/t Au en algunas áreas.
콜리브리 리소스 (TSXV: CBI)는 중개인 없이 진행된 사모 배정의 첫 번째 분할을 마감하여 $305,500을 모았습니다. 이번 제안은 각 $0.05에 가격이 책정된 단위로, 각각은 하나의 보통주와 $0.075로 24개월 동안 행사할 수 있는 워런트를 포함합니다. 내부자들이 참여하여 $27,500로 550,000개 단위를 인수하였습니다. 회사는 또한 USD $395,000에 현금 및 드릴 크레딧으로 RC 드릴 장비를 판매했습니다.
Colibri Resource (TSXV: CBI) a finalisé la première tranche de son placement privé non intermédiaire, levant $305,500. L'offre consiste en des unités au prix de 0,05 $, chacune comprenant une action ordinaire et un bon de souscription exerçable à 0,075 $ pendant 24 mois. Des initiés ont participé, acquérant 550 000 unités pour 27 500 $. L'entreprise a également vendu son matériel de forage RC pour USD $395,000 en espèces et en crédits de forage.
Les recettes financeront l'exploration des projets de métaux précieux mexicains de Colibri, y compris les projets d'or Pilar et EP. Au niveau du site San Perfecto du projet EP Gold, caractérisé par un empreinte minéralisée de 1 250 m sur 700 m, l'entreprise prévoit son premier programme de forage. Les échantillonnages historiques ont montré des valeurs d'or prometteuses, avec 15 % des échantillons dépassant 1,00 g/t Au, allant jusqu'à 58,9 g/t Au dans certaines zones.
Colibri Resource (TSXV: CBI) hat die erste Tranche ihrer nicht vermittelten Privatplatzierung abgeschlossen und $305,500 eingesammelt. Das Angebot besteht aus Einheiten, die zu $0.05 pro Stück bewertet sind und jeweils eine Stammaktie und einen Warrant umfassen, der für 24 Monate zu $0.075 ausgeübt werden kann. Interne Investoren haben teilgenommen und 550.000 Einheiten für $27.500 erworben. Das Unternehmen hat auch seine RC-Bohranlage für USD $395,000 in bar und Bohrguthaben verkauft.
Die Mittel werden verwendet, um die Exploration der mexikanischen Edelmetallprojekte von Colibri zu finanzieren, darunter die Goldprojekte Pilar und EP. Am San Perfecto-Ziel des EP-Goldprojekts, das durch eine 1.250m x 700m große mineralisierte Oberfläche gekennzeichnet ist, plant das Unternehmen sein erstes Bohrprogramm. Historische Probenahmen haben vielversprechende Goldwerte gezeigt, wobei 15% der Proben über 1.00 g/t Au lagen und in einigen Bereichen bis zu 58.9 g/t Au erreichten.
- Raised $305,500 through first tranche of private placement
- Sold RC Drill Rig for USD $395,000 in cash and drill credits
- Planning first drilling program at EP Gold Project's San Perfecto target
- 15% of historical samples at San Perfecto returned over 1.00 g/t Au, with highest grade of 58.9 g/t Au
- Insider participation in private placement may raise concerns about conflict of interest
- Offering subject to final approval of the Exchange
- Warrants priced at $0.075, representing potential future dilution
Dieppe, New Brunswick--(Newsfile Corp. - September 6, 2024) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to announce that, further to its news release of August 23, 2024, it has closed the first tranche of its previously announced non-brokered private placement (the "Offering") of units ("Units") for aggregate gross proceeds of
Certain insiders of the Company have acquired an aggregate of 550,000 Units in the Offering for gross proceeds of
The Common Shares and Warrants are subject to a statutory hold period expiring on the date that is four months and one day after closing.
The Company anticipates completing a second tranche of the Offering within the next few weeks.
The Offering, including the terms of the Offering, received the conditional approval of the Exchange prior to closing but is subject to the final approval of the Exchange. The net proceeds of the offering will be used for exploration expenses at the Company's highly prospective precious metals projects in Mexico, including the Pilar gold project and the EP gold project as well as for working capital.
The Company also wishes to announce that it has sold its RC Drill Rig to a private company in Hermosillo Mexico for a total consideration of USD
The San Perfecto target area is characterized by variably to strongly altered volcanic and intrusive rocks and has a mineralized footprint of approximately 1,250m by 700m which remains open to the southeast. A total of 616 samples are reported from the San Perfecto target surface area (102 by Colibri and 514 historical) of which 315, approximately 50 per cent, have returned values greater than 0.10 g/t Au and 213, approximately 35 per cent, have returned assay values greater than 0.25 g/t Au. Ninety-one samples (approximately 15 per cent of the total) have returned Au assays greater than 1.00 g/t with the highest grades, up to 58.9 g/t Au being associated with strong silicification and veins in faults zones.
A number of historical (artisanal) pits have been developed in the San Perfecto area including a larger production pit with a surface opening approximately of 35 m by 30 m. Only two exploration holes have been historically drilled in the area and both intersected significant mineralization.
Supported by interpretation of magnetic and IP data sets, the Company has interpreted the San Perfecto area as being indicative of a well-developed, high-level orogenic gold system with the potential to host economically significant mineralization.
Illustration 1: Samples map at San Perfecto Target
To view an enhanced version of this graphic, please visit:
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QUALIFIED PERSON
Jamie Lavigne, P. Geo and a Director for Colibri is a Qualified Person as defined in NI 43-101 and has reviewed and approved the technical information in this press release.
The securities of the Company in this Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful.
ABOUT COLIBRI RESOURCE CORPORATION:
Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring, exploring, and developing prospective gold & silver properties in Mexico. The Company holds four high potential precious metal projects: 1)
For more information about all Company projects please visit: www.colibriresource.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate.
For information contact: Ian McGavney, President, CEO and Director, Tel: (506) 383-4274, ianmcgavney@colibriresource.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/222416
FAQ
What was the total amount raised in Colibri's (TSXV: CBI) first tranche of private placement?
How much did Colibri (TSXV: CBI) sell its RC Drill Rig for?
What is the size of the mineralized footprint at Colibri's (TSXV: CBI) San Perfecto target?
What percentage of historical samples at Colibri's (TSXV: CBI) San Perfecto target returned over 1.00 g/t Au?
